Miles Platting Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Miles Platting Lease Extensions
My OH and I have just bought a two bedroom second floor purpose built flat inMiles Platting and I'm considering extending the lease as soon as possible e.g. in 24 months of ownership
I have an interest in the freehold of buildings comprising of seven flats each. Two of the leaseholders want a lease extension and I'm wondering about the the process
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
I am looking to either purchase the freehold or a lease extension of my property in Miles Platting and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Leeds Building Society to release of equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease began in 1981 and since then the ground rent has increased from £25.00 per year to £125 per annum.
We have a residential flat in Miles Platting with fivety four years left. Ten months ago we were quoted a deal to have a lease extension for another 25 years but also increase ground rent from notional to a little more..plus a premium I think of about 10k. Finally we have decided to go ahead but do we now have to renegotiate?
I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 69 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Miles Platting and have a mortgage with Chelsea Building Society.
I'm living with my mum and dad but have a ground floor flat in Miles Platting let out which has a seventy six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Miles Platting for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
Just been over 2 years that I have been in my ground floor flat in Miles Platting. I have 78 yrs remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
I am the freeholder of a property in Miles Platting and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this to £10,000 without too much effort. My surveyor has put forward a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
I'm seeking some assistance with regard to extending the lease on my apartment. I'll be looking to do this in nine months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?